Electricity prices in Lithuania 2023
In 2023, the average wholesale day-ahead electricity price in Lithuania was € 0.0946 /kWh (▼59% vs 2022). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2023
| Month | €/MWh | €/kWh | MW |
|---|---|---|---|
| January 2023 | € 102.98 | € 0.1030 | 1,484 |
| February 2023 | € 114.60 | € 0.1146 | 1,453 |
| March 2023 | € 88.52 | € 0.0885 | 1,385 |
| April 2023 | € 67.26 | € 0.0673 | 1,255 |
| May 2023 | € 78.35 | € 0.0783 | 1,193 |
| June 2023 | € 98.96 | € 0.0990 | 1,242 |
| July 2023 | € 83.77 | € 0.0838 | 1,227 |
| August 2023 | € 102.71 | € 0.1027 | 1,247 |
| September 2023 | € 117.13 | € 0.1171 | 1,242 |
| October 2023 | € 87.64 | € 0.0876 | 1,339 |
| November 2023 | € 104.88 | € 0.1049 | 1,488 |
| December 2023 | € 88.60 | € 0.0886 | 1,508 |
Lithuania's electricity sector underwent radical change after the 2009 closure of the Soviet-era Ignalina nuclear plant, which had supplied 70% of generation and made the country a regional exporter. Litgrid, the national TSO, now runs an import-dependent grid covering ~75% of demand from Sweden (via NordBalt), Poland (LitPol), Latvia and Finland. Wind has grown rapidly to over 1.4 GW (~30% of consumption), supplemented by 700 MW of biomass CHP.
The country desynchronized from the Russian IPS/UPS system in February 2025 — together with Estonia and Latvia — joining the Continental European grid via Poland in a long-planned geopolitical move. Two offshore wind tenders for the Baltic Sea (700 MW each, online by 2030) will turn Lithuania into a structural exporter again.
The Visaginas nuclear plant, planned to replace Ignalina, was rejected by referendum in 2012 and remains shelved.